As a resource-based economy, Canada has an opportunity to be a leader in sustainable finance—a deal-maker, not just a deal-taker. Evidence suggests it’s not there yet. To survive in the sustainable finance marketplace, Canada’s energy sector needs effective disclosure and high-integrity data. Sustainable finance practices should be promoted as business-as-usual, but Canada needs to quicken its pace of adoption.
The financial community is in a strong position to lead and work with the public sector to co-create regulation. Rather than wait for intervention through legislation, the industry should act.